Commodities Countdown

About the author:Greg Schnell, CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis.
Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter.
He is also the author of Stock Charts for Dummies (Wiley, 2018).
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Here is the link to the Commodities Countdown 2017-08-15. The surge in the $USD causes some concern. Quite a few of the commodities have moved below their 40 WMA. Global concerns start to rear up. A big review of the currencies and the conflicting moves in them highlight this week.
Commodities Countdown Video With Greg Schnell 2017-06-15 from StockCharts.com on Vimeo.
Good trading,
Greg Schnell, CMT, MFTA.
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Commodities have been struggling recently, even while the $USD has been declining. Today marks an important place on the charts. The dwindling momentum on the MACD and KST on this $USD chart may be pointing to changing times. Both appear ready to start turning higher on the $USD chart. If the downtrend in the $USD is ending, this chart becomes the elephant in the room for Commodities in general. If the dollar is going to rise, Commodities will struggle to rally with a dollar headwind.
There is a wider view on the $USD that looks particularly important. If
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Here is this week's Commodities Countdown 2017-06-08 recording. I made an effort to point out a few different viewpoints on some potential moves in the Commodities space. There is information on Oil, Natural Gas, Gold, Silver, Copper, Steel, Corn, Wheat, Soybeans and Uranium.
Commodities Countdown Video With Greg Schnell 2017-06-08 from StockCharts.com on Vimeo.
Good trading,
Greg Schnell, CMT, MFTA.
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Here is the Commodities Countdown for June 1, 2017. Energy continues to go lower, Gold tightens the pennant and world markets continue to push higher. The commodity countries lag. I spent 10-15 minutes talking about the new tools from the members dashboard.
Commodities Countdown With Greg Schnell 2017-06-01 from StockCharts.com on Vimeo.
Good trading,
Greg Schnell, CMT, MFTA.
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Commodities had some wild swings this week. While Gold and Oil struggled, other charts started to perk up. Here is the Commodities Countdown Video Recording 2017--05-25.
Commodities Countdown With Greg Schnell - 2017-05-25 21:00 from StockCharts.com on Vimeo.
Good trading,
Greg Schnell
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The Commodities Countdown Video Recording 2017-05-18 is available for viewing.
Commodities Countdown With Greg Schnell 2017-05-18 from StockCharts.com on Vimeo.
Good trading,
Greg Schnell, CMT, MFTA
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Martin Pring's trusty Dow Diffusion Indicator (!PRDIFDOW) has been dripping lower lately. A few people have asked to see more on this indicator so I thought I would share it in a blog rather than a video. If you would like the video version, I covered it on the Canadian Technician Video Recording 2017-05-16.
First of all, the Dow has 30 components. So the minimum and maximum on the scale is 30 and -30. The Dow Diffusion Indicator monitors the number of stocks in a rising or descending trend. When it gets below 15, The Dow can move higher but there is not a lot of breadth to the move. When
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There is lots of information on the oil exploration companies and gold miners in this weeks video recording.
Commodities Countdown With Greg Schnell 2017-05-11 from StockCharts.com on Vimeo.
Good trading,
Greg Schnell, CMT, MFTA.
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Commodity related stocks are rallying this week after a significant blood letting for all those who hold long positions in the area. After crude oil broke its 1-year trendline, and Natural Gas tested the bottom of the range, all of the ratios have significantly improved this week. Using some of the same charts I used on Monday's get ready article, we can see a significant improvement already.
Here is the USO chart.
Even stocks like First Solar are bouncing above long, make that very long, down trends.
Companies
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Natural gas was picking up a bullish tone on Friday as it tried to move up to the top of a 2-week trading range. However, Monday moved it back down to the bottom of the range. The typical Natural Gas stocks did not follow the move back down to two weeks lows at the time of writing. I'll just use XOP for this chart.
Oil broke 1-year trendlines last week with a big down candle Thursday.
On Friday it created a hammer candle and all of the energy stocks soared.
Monday gave back most of the bounce in oil but the energy stocks have not
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